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Benefit Plan Sponsors › Personal Liability

Bricker Graydon LLP

Why Fiduciary Training Should Be a Priority for Your Retirement Plan Committee

Bricker Graydon LLP on

If you serve on a retirement plan committee, you’ve taken on an important and legally significant role. As a fiduciary under the ERISA, you are personally liable for the decisions you make regarding the plan. That’s not a...more

Proskauer - Employee Benefits & Executive...

Best Practices in Administering Benefit Claims #7 – Understanding Attorney-Client Privilege in the Benefits Claims Process

Proskauer - Employee Benefits & Executive... on

When a plan administrator is attending to a benefit claim and thinks it is time to call in an attorney, are those discussions privileged and protected from disclosure to claimants? In this week’s blog, we take a look at some...more

Ruder Ware

Carefully Consider Fiduciary Obligations

Ruder Ware on

The sponsorship of a qualified retirement plan can be rewarding but frustrating – there are so many rules. Unfortunately agricultural employers are not given a break when it comes to sponsoring such retirement plans. ...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

That’s not the way to be in the administration business

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

I have comes across quite a few third party administration (TPA) firms over the years and 95% of them are pretty good. Even if they make mistakes, they’ll own up to them and they happen to make a few mistakes....more

Poyner Spruill LLP

Best Practices for Retirement Plan Fiduciaries

Poyner Spruill LLP on

If you help manage a retirement plan, you may be a fiduciary under federal law. Fiduciaries have significant legal duties, and may have personal liability for breaching those duties. Below are four best practices that can...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Rosenbaum Law Firm Review - January 2017

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

Concepts You May Not Be Aware Of As A 401(k) Plan Sponsor. Quite a few things out there. As a child, I was never taught the birds and the bees. I was actually handed some cartoon book from my parents when I was...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Advisors Advantage - August 2016

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

Why 401(k) Plan Providers Should Push Automatic Enrollment. It just makes sense. We have a retirement crisis in this country thanks to a Social Security program that has too many retirees to pay to, and the death...more

Miles & Stockbridge P.C.

New Fiduciary Rule & Its Impact on Retirement Advice for Plan Sponsors

Miles & Stockbridge P.C. on

After much controversy and criticism, the Department of Labor (DOL) issued a final conflict of interest rule on April 6th (the “Final Rule”) which expands the definition of a fiduciary for an “employee benefit plan,” as...more

Proskauer - Employee Benefits & Executive...

Delinquent Contributing Employer May Be Fiduciary

Proskauer - Employee Benefits & Executive... on

The Second Circuit held that the owner of a contributing employer to multiemployer benefit plans breached his fiduciary duties by failing to make required contributions and was thus personally liable for the delinquencies,...more

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